The financial statements of Gray Services and Blue Services include the following items: Gray Blue $92,000 $89,000 22,000 29,000 107,000 109,000 125,000 128,000 601,000 641,000 319,000 306,000 53,000 70,000 Services company has the higher working capital by Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable The

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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The financial statements of Gray Services and Blue Services include the following items:
Gray
Blue
$92,000 $89,000
22,000
29,000
107,000
109,000
125,000 128,000
601,000 641,000
319,000 306,000
53,000 70,000
Services company has the higher working capital by
Cash
Short-term Investments
Net Accounts Receivable
Merchandise Inventory
Total Assets
Total Current Liabilities
Long-term Notes Payable
The
Transcribed Image Text:The financial statements of Gray Services and Blue Services include the following items: Gray Blue $92,000 $89,000 22,000 29,000 107,000 109,000 125,000 128,000 601,000 641,000 319,000 306,000 53,000 70,000 Services company has the higher working capital by Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable The
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